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Allied Irish Banks could be valued at US$14.9 billion in IPO

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AIB would be the latest in Europe to return, at least partly, to private ownership after needing a government rescue. The offering of 679 million shares will be listed on the Irish Stock Exchange in Dublin and the London Stock Exchange. Conditional trading is expected on June 23.

London

THE Irish government on Monday announced a price range for Allied Irish Banks that could value the bank as high as US$14.9 billion when it goes public this month - seven years after it was nationalised.

The initial public offering (IPO) is an important milestone in the

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